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Euro Falls As Fed Reassures Markets of Its Less-Dovish Stance

The euro today fell aggressively against the US dollar reversing most of yesterday’s gains after the New York Federal Reserve rushed to clarify dovish comments made by its President John Williams. The EUR/USD currency pair was also pressured by the weak German producer data released earlier today as well as the resurgent greenback.

Euro Struggles to Rally Despite Upbeat Eurozone Inflation Data

The euro today attempted to rally against the US dollar from the Asian session but encountered massive resistance despite the release of upbeat euro area inflation data. The EUR/USD currency pair could not muster enough momentum to mount a sustained rally as each attempt was quickly countered by a retracement as the bears stepped in.

Euro Rallies on Investor Sentiment, Falls on Weak German Data

The euro today rallied against the US dollar in the Asian session before falling during the European session after the release of weak German data. The EUR/USD currency pair later rallied in the American session following the release of mixed US factory data.

Euro Falls on Weak Eurozone Retail Sales Amid Thin Holiday Trading

The euro today fell against the US dollar following the release of weak retail sales data for the euro area amid a subdued market environment. The EUR/USD currency pair traded in a tight range for most of today’s session as US markets remained closed for the Independence Day celebrations.

Euro Rallies on ECB Rumors, Later Falls Against Strong US Dollar

The euro today rallied against the US dollar earlier in the session despite the release of mostly week eurozone data following rumors about a rate cut delay by the European Central Bank. The EUR/USD currency pair rose to its daily highs in the early European session before falling as the US dollar recovered amid a subdued market environment.

Euro Rallies on Upbeat German and Eurozone Data, Later Falls

The euro today rallied higher against the US dollar following the release of upbeat German and eurozone macro data in the early European session. The EUR/USD currency pair later fell from its highs as investor sentiment shifted, but rallied briefly on the weak US macro releases before falling again.

Euro Falls to 2-Week Lows on Dovish Draghi Speech and Weak Data

The euro today fell to new 2-week lows following Mario Draghi’s introductory speech at the ongoing ECB Forum in Sintra, Portugal, which was interpreted as being very dovish. The EUR/USD currency pair was also weighed down by macro releases from Germany and the euro area, which missed expectations.

Euro Rallies to New Highs After ECB Rate Decision and TLTRO Terms

The euro today rallied to new multi-week highs when the European Central Bank announced the terms of its TLTRO III facility, which were better than expected. The EUR/USD currency pair had traded lower following the ECB rate decision but spiked higher after Mario Draghi‘s speech.

Euro Drops From Post-US ADP Highs on Upbeat US Services PMI

The euro today fell from almost 7-week highs against the greenback triggered by weak US employment data following the release of upbeat US services PMI data. The EUR/USD currency pair rallied to the new highs driven by upbeat market sentiment and disappointing US ADP employment change report before falling to new lows.

Euro Falls From 3-Week Highs, Later Recovers to Trade Flat

The euro today rallied to new 3-wek highs earlier in the session driven by improved risk sentiment and broad US dollar weakness before retreating later in the session. The EUR/USD currency pair fell from its highs as the European session progressed driven by the greenback’s resurgence and the disappointing eurozone employment and inflation data.

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